Purpose – This study seeks to explore the nature of a data-generating process for four dollar exchange rates. Design/methodology/approach – Using a discrete parametric modeling approach, an efficient test statistic was computed for nonlinearity in terms of variance of the residuals of the...

Purpose – This paper aims to analyze how financial system turmoil affected unemployment in industrial countries during the period 1982 to 2003. Design/methodology/approach – The paper uses annual data on 17 industrial countries. It employs the International Monetary Fund's financial stress...

Purpose – The purpose of this paper is to use disaggregated data on US-UK trade to investigate the effects of exchange rate depreciation on trade in services both in the short- and long-run. Design/methodology/approach – The paper focuses on the three traditional categories of...

Purpose – Since the introduction of the concepts of the J- and S-curves, many researchers have tried to verify their validity empirically. This paper aims to review the related papers and to offer direction for future research. Design/methodology/approach – This is a review paper. As such,...

Presents a paper by Lauchlin Currie on the stabilization of purchasing power through the use of public credit which was originally delivered at the American Economic Association Meeting at Chicago Distribution of Purchasing Power and Business Fluctuations Round Table on December 30, 1936.

Presents Lauchlin Currie' views on the monetary aspects of the excess reserves problem which he gave at a board meeting on May 18, 1936.

Presents Lauchlin Currie's views on public spending as a means to recovery which originally appeared in a memorandum of April 6, 1936.

Looks at the excess reserves of 1937 in the USA, which were well over $2 billion. Discusses what criterion can be used to determine the adequacy or excessiveness of the volume of money and what the prospects would be for further expansion if no action were taken. Concludes that on balance,...

Introduces the special issue to mark the 10th anniversary of Lauchlin Currie's death. Currie was an economist described as the intellectual leader of the spending wing of Roosevelt's New Deal.

Presents a letter written by Lauchlin Currie in 1934 to the then President of the USA Roosevelt, praising his monetary policy and also offering advice.